Archive for May, 2009

  • Large Range
    , May 26th, 2009 at 12:58 pm

    The market loves to confuse the marjority of participants and I think a lot of people are shaking their heads at todays action in disbelief.  Our job is not to question the market, but to interpret its message and forumulate our plan of action.  Subscribers know that I did not have strong confidence in the long side in last night’s video but today those long stocks are performing very well.   The charts below indicate that the market is consolidating the gains of the last two months by turning sideways and while in the ranges there will be excellent opportunities on the long and short side in the individual stocks.

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    Trade Ideas Video for 5/26/09
    , May 25th, 2009 at 1:45 pm

    Below is the video with new ideas and the link for the live webinar scheduled for tomorrow, Tuesday 5/26/09 from 8-9PM Eastern

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    Stock Market Video Analysis 5/22/09
    , May 22nd, 2009 at 4:47 pm

    Subscribers see video below.  I will have another video with ideas for trading on Tuesday up over the weekend and the live event (for Tuesday 8-9PM Eastern) link will also be live.  Enjoy your 3 day weekend.

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    Trade Ideas for Friday 5/22/09
    , May 22nd, 2009 at 8:42 am

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    Stock Market Video Trend Analysis 5/21/09
    , May 21st, 2009 at 4:56 pm

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  • Trendlines and Support Levels
    , May 21st, 2009 at 12:43 pm

    continue to be tested in the major averages and each test weakens those levels as the buyers lose conviction.  We are not seeing re-emergence of the primary downtrend on longer timeframes yet but this action should give bulls reason for concern.  To me, the most impressive sector today is the action in the financial with yet another rally from the trendline.  Impressive as it may be, a failure of the trendline to hold will likely bring about a quick test of the important support in the 1115-11130 area.  Markets are pausing and it seems like most people are looking for an outright collapse, maybe we just drift into the long weekend from here?  Keep an eye on those 5 day moving averages (orange) they will become a likely level sellers will defend on any rallies.  Nimble remains the best approach, particularly after today’s gap lower.

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    Stock Trade Ideas for 4/21/09
    , May 20th, 2009 at 7:12 pm

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    Stock Market Video Trend Analysis 5/20/09
    , May 20th, 2009 at 4:43 pm

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  • Volatile Session
    , May 20th, 2009 at 12:46 pm

    It has been a volatile session this morning and most of the gains have been given up.  THe financials are lower on the day and the broader indexes are below declining daily vwaps which suggests heightened risk of failure.

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    Stock Trading Ideas for 5/20/09
    , May 19th, 2009 at 6:30 pm

    Subscribers see spreadsheet and video below.

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